Kalevala Koru
Introduction
The history of Kalevala jewellery went back to the Association of Kalevala Women who aimed to safeguard ancient Finnish culture tradition. Making-making was regarded by them as one way to honour national history and culture heritage as well as one way to raise funds for the Association of Kalevala Women. The name Kalevala came from the national epic because of its strong connection
Established in 1937, Kalevala Jewellery started to produce jewellery in 1940. In 1940s, though facing difficulties of lacking raw materials and skilful workforce in production, the jewellery sold very well both at home and abroad partly due to the fact that demand exceeded supply, partly due to its attendances at jewellery exhibitions which enlarged its brand fame. 1950s saw the steady growth of Kalevala till 1960s, however modern jewellery gained an increasing market share at the same time. In the early 70s situation improved a bit then replaced by a sliding down at the end of the decade till the beginning of 80s when the Association had to give financial aid to help it out. Then thanks to a change in fashion in the mid-80s, Kalevala won over new customers when young women wanted big, ethnic jewellery.
The main product ranges of Kalevala were ancient and archaeological jewellery, historical jewellery and modern jewellery. Bronze was used as main raw materials to make jewellery, next was silver and then gold. Bronze jewellery contributed a large part of total production (70%). The silver and gold works accounted for 22 % and 8 % respectively. Almost the entire Kalevala jewellery range was available in both bronze and silver. Every year over 400 models were being produced, of which most were available in various forms, like pendants, earrings, necklaces, brooches, rings for girls and tiepins and cufflinks for men. The production process was so labour-intensive that in 1996 85 out of 143 employees worked for production section.
With the joining of new CEO, Kalevala stepped into a new stage. By motivating employees, investing in production machines and R&D, focusing on three market segments which targeted young women, working women and loyal users and improving customer services which included re-adjusting salesmen’ attitude towards retailers, automating administrative work, adapting to a changing environment, Marja Usvasalo managed to achieve best performances in the period from 4/1995 to 3/1996 with profit increased greatly by 39% compared with previous year though it had to be reaffirmed that from 1988 till 1996 period the corporate performances had been improving.
Televisory analysed and compared the results of September 2015 quarter with September 2016 quarter. The EBITDA per square foot decreased by 6.8% from USD 12.56 to USD 11.70 as can be seen from the below EBITDA bridge. This decline was still better than the sharp decline at a CAGR of 8.8% over the past 5 years. However, the EBITDA per square foot decreased, the revenue per square foot increased by USD 9.60. The chart beneath shows that the average number of employees per store has increased. This will result in a better customer experience. The inventory turnover period improved from 103 days to 95 days. The below chart depicts that the average revenue per store has also improved. This shows that Finish Line rightly identified the underperforming stores. This, in turn, also improved the cash conversion cycle from 72.1 days to 57.1 days. The EBITDA margin decreased, however, this decrease would have been more if the underperforming stores were still
Foxy Originals’ current success reside in its owners’ experience, fashionable products, pricing strategy, along with its current market presence. However, one of company’s key assets is its capability to produce high-end jewellery while maintaining manufacturing costs at a minimum. By combining high quality along with low prices, Foxy Originals was able to attain market share at an unparalleled rate. Gaining a decent market share equipped the company the brand recognition it required to secure shelf space at 250 boutiques nation-wide. A resilient market presence has transformed into a healthy financial improvement that permits the company to continue its current operations while exploring possible expansion opportunities. Moreover, Foxy Originals owners, Kluger and Orol, are most favourable aspects of the company. Orol’s parents operated a successful metal manufacturing company,
The Eastern Woodland people also made jewelry such as gorgets, armbands, earrings, and necklaces. The gorgets were created with pendants with two holes in them from shell, slate or shale stone. They were strung with lacing and worn around the neck. Armbands were typically made of metal such as copper. They also made them out of bones. Metal armbands could be simple, narrow bands or stamped and decorated. They were also made of beaded leather strips or finger woven wool. Earrings were simple metal hoops with beads or pendants dangling from them. This type of jewelry was also worn in piercings through the septum of their noses. Necklaces were made from a wide variety of materials. Pendants were made from bone, shell, stone and metal. Beads made from shell, stone, metal, wood and glass were strung in single or multiple strands. More intricate necklaces were made by stringing bear claws or bird claws. Overall, the Eastern Woodlands people made many items to help them with their everyday lives and I think that they were very talented and creative for being able to make these items such as the jewelry and all the
Canandaigua’s return on assets is better than the industry standard for 1998, and just under the industry standard in 1997. The company’s management has been able to improve the company’s ROA by almost doubling net income from the prior year. Management has in the past done a good job of utilizing its assets, and by the latest results is doing an even better job. Canandaigua’s gross margin(25.62) is less than the industry standard(43.80%). It appears that the company’s production costs are greater than others in the industry. Profit margin(6.78%) is greater than the industry standard(6.64%) in 1998. Canandaigua is very good at controlling selling & general administrative expenses. Higher sales in 1998 resulted primarily from additional beer sales, largely Corona Beer sales, additional table wine sales and additional spirits sales. The company has increased its return on common stockholder’s equity(12.84%), compared to the industry standard of 10.89%. Canandaigua does a fair job of controlling borrowing. Interest expense was reduced by ...
Swarovski crystals are used in a variety of crafts projects. They are important for costumes for skaters and dancers. They are great for the theater because of the way they shine on stage. Clothing designers use rhinestones for trim and decoration. Jewelers make them part of original pieces and to repa...
complications at birth, resulting in her near death experience. At the age of three, Akiane
The rough diamond that is beneath the surface must undergo several stages of production before being transformed into the diamond that is used in jewellery. These stages of production are costly and this was the shortfall of many of the diamond mining companies, and thus a merger was formed. The agreement b...
The different ways of paintings are encaustic, tempera, fresco, oil, acrylic, watercolor and gauche. Furthermore, painting is considered, along with sculpture, as “high art.” Also, the article Some Thoughts on Painting by Lucian Freud, explains the purpose of painting, which is to communicate its own individuality and emotion, and convey to the audience the feeling and experience of the image, hence, the artist’s experience too. In the other hand, another form of art is jewelry and metalwork. Unlike painting, jewelry is considered a “low” form of art; nevertheless, its symbolic and cultural meaning makes jewelry a major element in the shape of society. , The reading “Jewelry and its Connotations” is a reflection about the significance and function of jewelry during the years. For example, jewelry as a symbol of love, a...
My family’s Mexican traditions and life experiences played a great role in shaping my individual beliefs and values. I learned to embrace important values, roles, and norms from the Mexican culture. However, the experiences I have encountered throughout my life have influenced my interactions with others, life’s point of view, and the development of having my own sense of reasoning that differs from my family beliefs and values.
Out of all the earth’s major natural resources, diamonds are the most sought after and most mysterious. Throughout history, the virtuosity and resistance of diamonds have caused fighters and lover’s great pain and happiness. For centuries, the value of the diamond commodity became increasingly popular. However, it wasn’t until the mid 1900s, when diamonds permanently made their signature as the world’s most indispensable symbol of love and affection (Howard, Vick 2008). Soon after, diamond rings became the 21st century standard of engagement rings. Without a doubt, everybody in society knows how valuable this commodity is. Nonetheless, what truly makes this commodity more valuable are the stages it goes through from the diamond mines to th...
in the 1980s. The heavy jewelry was suggestive of prestige and wealth, and some have connected
The core business of M/s. Meena Jewellery Exclusive Pvt. Ltd. is Jewellery.Promoters of the said unit have the expertise in the jewellery section and they want to expand their business in jewellery section only, by focusing on the same. Moreover, they aren’t experts in retail
A study has been conducted to find the reasoning behind the surprisingly abrupt success decrease. It shows that one of main contributing factor includes a new increase in competitors in the area, which may start to create a rivalry with the industry. Competitors can become a huge danger towards companies since this gives the customers more options when deciding which product to purchase. There have also been new entrants, who of which are creating new and different products that are now available to the customers. Customers are also being persuaded by the power of other companies. This is now becoming a very competitive market, which can have a great effect on the company’s success. Although this is just one factor that seems to be affecting sales, there seems to be more contr...
LVMH founds itself in a stable financial situation. Being positioned as the market leader they have better financial results than the rest of the competitors. Although the sales results for 2004 were under the industry’s average the overall performance over the last 5 years was 3% higher then the industry. It is important to note that the major owner of the company’s capital is present CEO Bernard Arnault with 47.52% of the control of the company with 64% of voting rights. This may have an Important impact in the overall performance and operating decision taken in the company.
First Challenge the expertise for strategy formulation implementation within a changing business environment. In May 1994, I was selected as a member of Task Force Team that prepare to set up HMC's own finance company. During my six-month assignment, I worked under pressured time constraints. After lots of conflicts with Ministry of Finance and Economy, we got government approval in late 1994. This opportunity provided me with valuable experience in every aspect of business and team experience. Working with the extremely qualified and professional upper management was valuable in shaping my career goals. Especially, during my business trip to Hyundai Motor Finance Company in CA, USA, the international exposure increased my confidence and desire to pursue a career in international business. After the expiration of the Task Force, I was given the option between joining the newly established Finance Company and remaining in HMC. At that time, International Finance Team(IFT) offered to work together with them. I accepted the proposal because I wanted to further expand my international exposure. Second Challenge the enhancement of the global perspective and strategic vision required to successfully compete in a globalized business setting. In January 1995, I was trasferres to IFT and took over two jobs of financing Foreign Direct Investment and Investor Relations. In march 1995, HMC was planning the biggest foreign direct investment in India ever since the failure in canada, and I, together with my two subordinates, was responsible for project. Despite the fact that only three months had passes after taking a new position. I could carry out the complicated processes on the project. partly owning to the past force team experience.